Legal Question in Civil Rights Law in India
father on his behalf and three major sons cum legal heir of thier deceased mother (hindu female) have given a power of attorney in favour of builder to build a house over the land and in the mean time father died. his only three legal heirs cum major sons have already signed over the said attorney. bank has refused to give loan to allotee of a flat allotted by the builder. is the valid cause to refuse the loan.
3 Answers from Attorneys
29.03.2013
Dear Sir / Madam,
(CMPF, Dhanbad, Jharkhand)
Granting of a home loan to an individual is at the sole discretion of the bank.
Regards,
FCA Prashant Chavan
Mumbai
(You can also mail me for any further on-line advice at [email protected])
Giving or declining a loan is a purely commercial decision, the validity of reason cannot be questioned.
A Power of Attorney ceases to be valid once the author dies.
Related Questions & Answers
-
Wheather counter claim is maintainable against co defendant Asked 3/28/13, 7:16 am in India Civil Rights Law
-
Dear sir, My brother had installed a water pressure pump next to his water tank on... Asked 3/28/13, 4:55 am in India Civil Rights Law
-
Hi, my one of mother is Hindu and she was adopted us as a 'Sakudu Childs', and she... Asked 3/28/13, 3:32 am in India Civil Rights Law
-
I am land civil case win, after i am applyed caveat, caveat how many days are value,... Asked 3/27/13, 10:23 pm in India Civil Rights Law
-
Is a suit liable to be dismissed, in case filed out of the jurisdiction of a court? Asked 3/27/13, 10:12 am in India Civil Rights Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
